<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/RGwPYMOUrxlxZFIvTL3mxC">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/R8RfDzMtuMPdmNTonmhBxu"/>
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/RfXf27g03XAZTOicP782mW"/>
  <rdfs:label>Equipment Lease</rdfs:label>
  <skos:definition>An equipment lease is a contractual agreement in which one party (the lessor) grants another party (the lessee) the right to use and possess specific equipment for a predetermined period in exchange for periodic rental payments. These agreements often include terms related to maintenance, insurance, and the lessee's responsibilities during the lease term.</skos:definition>
</owl:Class>